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Germany has frozen around 5.25 billion euros ($5.57 billion)in
assets belonging to sanctioned oligarchs since Russia's invasion
of Ukraine, according to the German finance ministry. The figure
was 4.28 billion euros six months ago.
The ministry shared this information in reply to a request from
member of the German parliament Christian Goerke.
"Since December, only 200 million euros in oligarch assets have
been frozen, and for half a year, just one billion. Not a single
oligarch has reported his assets since December," Goerke
criticized.
Under Germany's sanctions law, targets of European Union
sanctions must declare their assets immediately, under penalty
of a fine or up to a year in prison.
Eight oligarchs have reported 31 asset positions to the
Bundesbank so far, according to government figures. The value
equals about 577 million euros. It is distributed among account
balances, company holdings and securities.
($1 = 0.9422 euros)
(Reporting by Christian Kraemer; Writing by Maria Martinez;
Editing by Josie Kao)
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